Seyfarth Advises University Village in Landmark Transaction with Simon

November 5, 2026 – Seyfarth Shaw LLP is advising University Village Limited Partnership (UVLP) in connection with the transfer of its ownership of University Village, one of Seattle’s most prominent retail destinations, to an affiliate of Simon Property Group. The transaction is regarded as the largest single-parcel real estate transaction in Washington state history.

Located near the University of Washington, University Village is an open-air shopping and dining center spanning nearly 600,000 square feet and featuring more than 100 businesses and services, including Apple, RH Gallery, Crate & Barrel, Room & Board, Lululemon, Aritzia, Vuori, and Din Tai Fung. The transaction represents a significant change in ownership for a property that has been a Seattle community destination for nearly 70 years.

“This is a significant transaction for an iconic Seattle property, and we are proud to have advised UVLP on the structure and negotiation of the transaction,” said Bob Over, Seyfarth Corporate partner and lead attorney on the deal. “Having worked with the client on matters involving University Village for many years, it was especially meaningful to help guide the strategy and negotiation of this transaction.”

Simon announced the agreement on October 30, 2026. The transaction is expected to close in the fourth quarter of 2026, subject to customary closing conditions.